PRESS RELEASE

Renewable energy expert, Greensolver, announces today that the merger with Dutch asset manager PLY Energy is now official.

Greensolver, the independent renewable energy asset manager, has just announced its official merger with Dutch asset manager PLY Energy.

With the growth of the wind & solar market it has become mandatory for asset owners and investors to deal with international asset managers providing them with global services for wind & solar. The merger with PLY Energy will consequently allow Greensolver to become a global actor on the wind & solar market. PLY Energy being a recognized actor on the Northern European market is a real asset for the company which intends to develop drastically its activity on those markets.

The new company will continue to deliver its current services, including construction, asset management & advisory while strengthening its expertise in construction and Health & Safety with dedicated experienced engineers.

Regarding the human resources side, Guy Auger CEO, will keep on driving the company’s global strategy on the European level. More than being partners, Alexander Harssema & Gerben Smit become respectively General Manager for the UK & the Netherlands and CFO/COO. Current managers of the Greensolver entity maintain their functions.

Greensolver now has three formal offices in Paris (HQ), Groningen & London. The company also has representative offices in Bordeaux, Champagne Ardennes and Helsinki. This international presence is certainly another advantage for its customers as the company is able to take quick actions in case of problems on its customers’ assets.

“Joining forces with Greensolver made a lot of sense, based on our complementary geographical setup and shared vision for the future servicing of European renewable energy. We will continue to provide class-leading services to our clients and we are looking forward to grow the Greensolver brand together with our new colleagues” said Gerben Smit, now COO & CFO at Greensolver.

The company now benefits of an increased portfolio of 688 MW assets under management in Europe, 804 MW of experience in construction & procurement and 5.2 GW of experience in Due Diligence, making of Greensolver a leading player on the renewable energy market.